Eva Ho plans to step down from her position as a general partner at Fika Ventures, the Los Angeles-based seed company she co-founded in 2016.
Fika told LPs of Ho’s intention to step down after Fund III, the firm’s current fund, in an email, according to multiple sources familiar with the matter. Fika confirmed the move to TechCrunch earlier this week and released a suspension reporting the transition this morning. Fika’s other founding general partner, TX Zhuo, will remain at the fund.
“Eva is stepping down for personal reasons. He trusts the existing team to take it forward,” a fund representative told TechCrunch.
Ho is known in Silicon Valley circles as one of the founding VCs at All Raise, a network of female investors that aims to improve the flow of deals for women and access to capital for underrepresented women and founders.
Ho will retain control of her existing investments and board positions and will remain active in the company while developing the remainder of Fund III, which still has capital to invest.
Ho sits on more than four startup boards, including Backbone AI, a startup focused on data synchronization. Elementary, a humanoid robotics company. FairClaims, a litigation-focused legal tech startup. and Upwards, an affordable childcare platform. During her tenure at Fika, the firm raised more than $300 million from three flagship funds and an opportunity fund.
Prior to Fika, Ho was a founding general partner at seed-focused Susa Ventures. He was with the firm from 2013 to 2017 and helped invest Susa’s first two funds, which collectively raised $75 million.
Ho also sits on the boards of several nonprofit organizations, including Common Crawl, an organization focused on keeping web crawl data public, and the California Community Foundation, which provides grants to local organizations in Los Angeles.
Ho joins a growing list of venture capitalists exiting their current companies through planned and unplanned exits this year. So far in 2024, TechCrunch has counted more than 11 moves in VC, the majority of which have been at the partner or general partner level.
